Chris Morgan provides a round-up of recent developments
Eloise Walker provides a case study covering all the key issues
James MacLachlan examines UK competitiveness in light of Wolseley’s migration
The Government will work with international partners to explore the costs and benefits of a Financial Activities Tax on profits and remuneration, the Treasury said as it published draft legislation implementing the Bank Levy announced in the June 2010 Budget.
A senior European Commission official signalled that Ireland may have to increase its business and personal taxes and ‘become a normal tax country’ in order to restore its public finances following the banking crisis, the Financial Times reported on 1 October.
‘Tax regime drives 20% of big businesses to consider leaving UK’ declared a Daily Telegraph headline on 25 August. But the research, conducted by TNS-BMRB for HMRC last year, found that just over 10% of the 1,088 respondents had considered such a move.
The UK’s top rate of personal income tax is ‘substantially above the OECD average and likely to adversely affect work incentives and entrepreneurship’, according to an OECD report. Consideration should be given to reducing the rate to close to 40%, it said.
What does the Emergency Budget mean for the future of the UK's asset management industry? Eliza Dungworth provides analysis
Elizabeth Stone reviews the changes recently implemented by HMRC to create a more flexible and practical regime for offshore funds distributing to the UK marketplace
Recent changes to the UK tax treatment of funds have significantly enhanced their international competitiveness. Steve Lynam summarises the current state of play.